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When home loans become a burden

Home loans are becoming more of a burden for Australians as many grapple with indebtedness.

More than half of Australians (56%) who are paying off a mortgage or have paid off a mortgage said their home loan is/was a burden and somewhat limited their lifestyle, a survey by Gateway Credit Union shows.

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Broker skills in high demand for 2018

Many professionals in the mortgage industry will be welcoming the results of a recent report after it suggested a number of key roles in the sector will become highly sought-after over the year ahead.

According to the latest data from recruitment giant Hays, mortgage lenders, mortgage processors and mobile lenders will all be hot job titles in 2018.

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Lower interest rates stoke greater competition for mortgages

The value of residential property across New Zealand continues to grow beyond $1trn despite a recent slowdown, according to the latest figures from property analytics firm CoreLogic.

It’s no surprise then that the firm has also observed strong competition for mortgages – especially among retail banks – as interest rates dipped during the first half of December.

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Housing at an all-time high

Average asking prices hit an all-time high in December, while new listings sunk to an all-time low, according to the latest figures from realestate.co.nz.

New listings were 6.2% lower in December 2017 (7,133) compared to the same month a year before (7,606). Total housing stock was also 9.3% higher than December 2016. On the other hand, the average asking price hit $660,798 up 3.8% from November 2017.

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